According to foreign media reports, the Group of 20 (G20) leaders’ summit closed on October 31, local time. This summit reached a climate agreement. G20 member states pledged to stop financing overseas coal power projects by the end of this year, and Committed to keeping the global average temperature within 1.5 degrees Celsius from the pre-industrial level.
On October 31, the leaders participating in the G20 summit took a group photo in front of the Trevi Fountain in Rome, Italy
Foreign media commented that the final communiqué lacked firm commitments and did not give a date to stop the actual use of coal. The summit did not make any commitments on improving climate financing and other issues. It is generally believed that the setting of the climate issue after the G20 summit has left an arduous task for the Glasgow Climate Conference (COP26 summit).
In the final statement, leaders from the 20 largest economies in the world stated that they “will accelerate action” to achieve net zero emissions by the middle of this century. The G20 leaders officially recognized for the first time that the emission reduction plans of the G20 member states, that is, the Nationally Determined Contributions (Climate Change Action Targets, NDCs) determined by the parties according to their own circumstances, should be consolidated in the next ten years to enable them to move forward. On the track of achieving net zero emissions by 2050.
The G20 leaders stated that they recognize that “G20 member states can make a significant contribution to reducing global greenhouse gas emissions” and pledged to “take further actions within ten years” and, if necessary, to strengthen their reductions before 2030. Row commitment.
Scientists said that if the goal of net zero emissions is to be achieved by 2050 and the global average temperature rise is controlled to around 1.5 degrees Celsius, global carbon emissions must be halved within ten years.
The communiqué also stated that the G20 leaders agreed to terminate public financing for the development of overseas coal-fired power generation, but did not set a goal to eliminate coal in the country, and downplayed the wording of a commitment to reduce methane emissions, another powerful greenhouse gas.
Among other key climate issues, the leaders of the G20 agreed to “be vigilant about the evolution of the energy market.” The recent energy crises around the world have affected most of Europe and Asia. The G20 states that ensuring that energy is “affordable” is the key. They also reaffirmed their commitment to jointly raise US$100 billion annually to support the green transformation of developing countries by 2025.
The total greenhouse gas emissions of G20 countries account for more than 80% of the world‘s total. After the G20 summit, most leaders flew directly from Rome to Glasgow to attend the 26th Conference of the Parties (COP26) of the United Nations Framework Convention on Climate Change, which opened on the evening of October 31.
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